Considering cost as on 31/01/2018

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Hi everyone,

Mr. A purchased mindtree shares at Rs. 5 20 years ago. Larsen & Toubro Info tookover Mindtree  in Nov 2022 and allotted 73 shares of LTImindtree for every 100 shares of mindtree.

Now Mr. A sold LTI mindtree shares. While computing CG what FMV I should take as on 31st January 2018 because now the shares sold is LTImindtree and when I purchased it was only Mindtree??

01. Should i consider mindtree Cost as on 31/01/2018 or,

02. L&T Infra Cost as on 31/01/2018 or

03. should i do some adjustment  to get cost  as on 31/01/2018?

plz suggest me ,

Thank you.

Replies (9)

Consider the cost of Mindtree  as on 31.01.2018 & divide it with 0.73 for effective transferred rate.

Cost for 1, 2,and 3 must be ascertained

Sir  could u plz elaborate.

Say the price of Mindtree on 31.01.2018 is 146.

So, your cost of acquisition of LTImindtree as on 31.01.2018 would be 146/0.73  == 200.

Cost as on 31.01.2018

ITR will require ISIN. Which one to use LTI mindtree or mindtree?

LTI Mindtree...                    

But LTI mindtree will not have a price as on 31.1.18!

The reply is only for the ISIN....             


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